Thanks for all the replies. I bought a few shares of NLY a few months ago that have done well, but all the mREITs have had such a good recent run that I will wait a while before buying more. Did put a low limit order in for REM in my IRA. I know it is not the most efficient way to invest in mREITs becaue of the 1/2% fee, but thought the diversification is worth it for a small position.